About Civil.ge
Eng | Geo | Rus
Last updated: 10:55 - 1 May.'18
RSS
Mobile
Twitter
Facebook
Saakashvili: Georgia's Economy to Grow 7%
Civil Georgia, Tbilisi / 19 Oct.'11 / 19:53

President Saakashvili said Georgia’s economic growth forecast should be revised upwards as the country was expecting 7% growth this year.

2011 economic growth forecast is currently set at 5.5%; the same figure is set in the draft of state budget for the next year.

Georgia’s 2011 second quarter real GDP growth slowed to 4.7% year-on-year, after an increase of 5.8% in the previous three months. Real GDP growth in the first half of this year was 5.2%. The growth was 6.6% in the same period of last year.

“This year our economy will have almost 7% growth, while Turkey had to revise two-fold downward, Russia two- or three-fold their economic growth forecast… Our economy is growing contrary to negative trends in the rest of the world,” Saakashvili said during a televised meeting with a group of public officials in his residence on October 19.

“Why our [economy] is increasing? Because we have a competitive advantage, which others do not have – that is first and foremost good state apparatus and no corruption,” he said.

Saakashvili added, that the Georgian state institutions were “transparent and efficient,” which should become “irreversible” and “the entire political life in Georgia should be clean, transparent, based on rules.” He also said, that his government was determined to continue reforms.

Latest News
01 May.'18 10:55
We Have Moved to a New Platform
Direct Your Bookmarks to https://civil.ge.
29 Apr.'18 03:54
Ruling Party Candidate Wins MP By-Elections
Givi Chichinadze will represent Vani and Khoni single-mandate constituency in the Parliament of Georgia.
28 Apr.'18 09:40
Polls Open for Vani and Khoni MP By-Elections
48,123 voters are eligible to cast their ballots in Vani and Khoni single-mandate constituency.
27 Apr.'18 17:23
State Dept’s Europe Affairs Point Man to Visit Tbilisi
Wess Mitchell will meet senior government officials and address the NATO-Georgia Public Diplomacy Forum.
27 Apr.'18 13:45
In Quotes: Georgian Politicians on Ex-PM Bidzina Ivanishvili’s Comeback
Bidzina Ivanishvili will be approved as the Georgian Dream party chairman at the upcoming convention.
26 Apr.'18 18:15
SG Jens Stoltenberg: Georgia NATO’s ‘Very Close’ Partner
The NATO Secretary General says Foreign Ministers meeting tomorrow will recognize the country’s progress.
26 Apr.'18 14:24
Ex-PM Ivanishvili to Chair Georgian Dream Party
Prime Minister Giorgi Kvirikashvili said Ivanishvili was ‘best equipped’ to add new dynamism to the party.
26 Apr.'18 11:12
Lawmaker Proposes Criminal Liability for ‘Insult of Religious Feelings’
The parliamentary human rights committee decided to set up a working group for scrutinizing the draft law.
25 Apr.'18 17:21
New Abkhaz Government Head Appointed
Gennady Gagulia has served as the Abkhaz “prime minister” twice - in 1995-1997, and 2002-2003.
25 Apr.'18 14:43
Watchdog Improves Georgia’s Press Freedom Ranking
None of the countries of the former Soviet Union (except the Baltics) are ranked ahead of Georgia.

About Civil Georgia
Civil.Ge © 2001-2021, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
15